Welcome to our dedicated page for LandBridge news (Ticker: LB), a resource for investors and traders seeking the latest updates and insights on LandBridge stock.
LandBridge Company LLC manages surface acreage and related resources in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin. Its news centers on financial results, surface-use royalties and revenues, resource sales and royalties, oil and gas royalties, and commercial activity tied to energy, power, digital infrastructure and other land uses.
Company updates also cover acreage additions, bolt-on transactions, balance-sheet actions, investor presentations, and projects that use LandBridge land for produced-water handling, power generation or data-center infrastructure. The company was formed by Five Point Infrastructure LLC and trades Class A shares representing limited liability company interests under LB.
LandBridge Company has announced the schedule for its third quarter 2024 earnings release and conference call. The financial results will be released after market close on Wednesday, November 6, 2024. A webcast and conference call to discuss the results will be held on Thursday, November 7, 2024, at 8:00 a.m. Central Time / 9:00 a.m. Eastern Time.
To access the live webcast, investors can visit the Investor Relations section of LandBridge's website. For the conference call, participants should dial (800) 715-9871 (or (646) 307-1963 for international participants) and provide the Conference ID 4907698. An audio replay will be available until November 21, 2024, accessible by dialing (800) 770-2030 with the same Conference ID.
LandBridge Company (NYSE: LB) reported Q2 2024 financial results, showing 20% year-over-year revenue growth to $26.0 million. The company posted a net loss of $57.7 million, primarily due to a $71.8 million non-cash expense related to incentive units. Adjusted EBITDA increased 24% to $23.4 million, with a 90% margin. LandBridge completed acquisitions of East Stateline Ranch and Speed Ranch, expanding its total surface ownership to approximately 220,000 acres. The company also closed its IPO and entered a non-binding LOI for a data center development. LandBridge's diversified revenue streams include surface use royalties, resource sales, and oil and gas royalties. The company generated $16.0 million in operating cash flow and $15.7 million in free cash flow.
LandBridge Company (LB) has announced the schedule for its second quarter 2024 earnings release and conference call. The financial results will be released after market close on Wednesday, August 7, 2024. A webcast and conference call to discuss the results will be held on Thursday, August 8, 2024, at 8:00 a.m. Central Time / 9:00 a.m. Eastern Time.
Investors can access the live webcast through the Investor Relations section of LandBridge's website. For those unable to attend in real-time, the webcast will be archived. To join the live conference call, participants should dial (800) 715-9871 (or (646) 307-1963 for international callers) and use the Conference ID 4907698. An audio replay will be available until August 22, 2024, accessible by dialing (800) 770-2030 with the same Conference ID.
Pickering Energy Partners (PEP) served as a co-manager for LandBridge Company’s initial public offering (IPO) of 14,500,000 Class A shares. The IPO was successfully closed on July 1, 2024.
LandBridge Company has successfully closed its initial public offering (IPO) of 14.5 million Class A shares at $17.00 per share, generating around $270.9 million in net proceeds. Additionally, underwriters fully exercised their option to purchase an extra 2.175 million shares. The Class A shares, trading under the ticker 'LB' on the NYSE since June 28, 2024, were also sold to an accredited investor in a concurrent private placement of 750,000 shares at the same price. Leading managers for the offering included Goldman Sachs and Barclays, among others. This financial move is expected to bolster LandBridge's capital base significantly.